CRIF Gulf and Fauree announce partnership to enhance ESG Assessment and Business Information for Informed Credit Decision-Making
CRIF Gulf, a global leader in credit information and business information services, and Fauree, a Supply Chain Finance Platform, have announced a strategic partnership to revolutionize the landscape of credit assessment and sustainability evaluation.
This exciting collaboration brings together CRIF’s extensive expertise in credit risk analysis and Fauree’s Supply Chain Finance Platform to provide businesses with a holistic and data-driven approach to credit decision-making. By integrating comprehensive ESG data into the credit assessment process, CRIF and Fauree aim to empower companies to make more informed and responsible lending decisions.
Key highlights of the partnership include:
Enhanced Credit Risk Assessment: Businesses will benefit from a more comprehensive and robust credit assessment process that takes into account not only traditional financial metrics but also ESG factors. This will enable lenders to better identify and manage potential risks associated with a borrower’s sustainability practices.
Access to ESG Data: CRIF’s ESG assessment using SynESGy will be seamlessly integrated into Fauree’s Supply Chain Finance Platform, providing clients immediate access to a wide range of ESG-related information. This data will cover environmental performance, social responsibility, and corporate governance, offering a well-rounded view of a company’s sustainability practices.
Improved Decision-Making: The combined strength of CRIF and Fauree will enable businesses to make more responsible lending decisions, promoting sustainability and ESG-focused practices in the corporate world.
Customized Solutions: The partnership will provide tailored solutions for various industries and businesses, ensuring that each client’s needs and objectives are met.
Marco Preti, CEO of CRIBIS D&B, along with his team Manjeet Chhabra, Vaibhav Tiwari, and Leroy Pinto expressed his enthusiasm for the partnership: “We are excited to join forces with Fauree to offer our clients a more comprehensive and forward-looking approach to credit assessment. By incorporating ESG data into our decision-making process, we are helping our clients make informed and responsible lending choices.”
Azhar Tasadduq, CEO along with Abdul Moiz Mehta of Fauree, added, “Sustainability is no longer a choice but a necessity for businesses today. Our partnership with CRIF will enable companies to embrace ESG principles while maintaining financial stability. Together, we are paving the way for a more sustainable and responsible future. Having SynESGy, which is CRIF’s tool to evaluate ESG, and receiving business information from CRIF to help in making credit decisions is an extension to the service already provided by Fauree.”
This partnership exemplifies the commitment of both CRIF and Fauree to drive positive change and innovation in the financial industry.